Nigeria Oil Investment Leads Africa $18.2bn 28 Plans
Nigeria secured $18.2 billion in new oil and gas investments in 2025, emerging as Africa’s top destination for final investment […]
African Business News
Stay updated with the latest African business news, including market trends, economic updates, and insights into industries across the continent.
Fuels Nigeria’s Export-Led Growth
eria’s Gas Resources Key to Future Prosperity, Says NNPC Boss** ABUJA — Nigeria’s path to prosperity is fundamentally tied to
African Business News
emi Otedola Vows First HoldCo Bounce Back from Crisis
Femi Otedola, chairman of First HoldCo Plc, has assured that the Nigerian financial institution will recover from a severe profit
Elon Musk’s SpaceX Acquires xAI in $1.25 Trillion Merger
SpaceX has acquired artificial intelligence startup xAI in a transaction that creates a combined entity with an implied valuation of
![14 Nigerian banks yet to meet CBN's recapitalization deadline [FULL LIST]](/wp-content/uploads/2026/01/Nigerian-Banks-Recapitalisation-Deadline-Looms-1024x614.jpg ": Nigeria 25% Real-Time E-Payments 11B via NIBSS")
: Nigeria 25% Real-Time E-Payments 11B via NIBSS
eria’s Real-Time Payment Adoption Surges, CBN Report Shows** More than one-quarter of all electronic transactions in Nigeria are now processed
Nigeria NEP Electrifies 1.1M Households with Mini-grids
The Nigerian government’s rural electrification initiative has connected over 1.1 million households to clean energy through more than 200 mini-grids,
Deregulation Reveals Nigeria Downstream Undercapitalization
A leading petroleum industry expert has stated that the current financial pressure on Nigeria’s petrol marketers is not a failure
African Business News
Naira Depreciates to N1,390/$ Official, Black Market Steady
The Nigerian naira opened the week weaker at the official foreign exchange market, shedding value against the US dollar despite
10% WHT on Savings Interest Outrages Nigerian Investors
Nigerian investors and savings account holders have voiced significant frustration after fintech banks began deducting a 10 percent Withholding Tax
Africa Energy Bank HQ Handover by Nigeria Marks Milestone
Nigeria has formally handed over a fully furnished headquarters for the Africa Energy Bank (AEB) in Abuja, a key step
Naira Gains Against US Dollar in Official FX to 2-Year High
The Nigerian naira strengthened to its highest level against the US dollar in two years on the official foreign exchange
Nigerian Stock Market Gains N233bn on Renewed Buying
The Nigerian stock market rebounded strongly on Thursday, adding N233 billion to its value as renewed investor interest drove gains